GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) Sees Significant Increase in Short Interest

GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 35,500 shares, a growth of 18.7% from the September 30th total of 29,900 shares. Based on an average trading volume of 120,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long AAPL Daily ETF stock. Garden State Investment Advisory Services LLC bought a new position in shares of GraniteShares 2x Long AAPL Daily ETF (NASDAQ:AAPB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,141 shares of the company’s stock, valued at approximately $688,000. Garden State Investment Advisory Services LLC owned about 2.32% of GraniteShares 2x Long AAPL Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long AAPL Daily ETF Stock Up 0.5 %

Shares of AAPB stock opened at $29.32 on Monday. GraniteShares 2x Long AAPL Daily ETF has a 12 month low of $15.91 and a 12 month high of $31.90. The company has a 50 day simple moving average of $28.53 and a two-hundred day simple moving average of $25.30.

GraniteShares 2x Long AAPL Daily ETF Company Profile

The GraniteShares 1.75x Long AAPL Daily ETF (AAPB) is an exchange-traded fund that is based on the Apple Inc index. The fund provides 1.75x leveraged exposure, less fees and expenses, to the daily price movement for shares of Apple stock. AAPB was launched on Aug 9, 2022 and is managed by GraniteShares.